
Trend is gold tradersâ best friend | MarketTalk: Whatâs up today? | Swissquote
Federal Reserve (Fed) Chair Jerome Powell reiterated yesterday that the Fed is not in a rush to cut rates but that it will cut sometime this year and that the recent jump in inflation didnât âmateriallyâ change their policy outlook. The latter was enough to send the market higher with joy. Stocks and bonds gained as the US dollar retreated sharply, leaving no room for the ECB doves to enjoy a softer than expected inflation data.
Up next, investors will be watching the weekly jobless claims and job cuts as they wait for Fridayâs jobs data.
Elsewhere, gold traded past...